EVA Airways (EVA Air), one of the leading international carriers in Taiwan, reported a smaller net loss in the second quarter than in the first, saying solid demand for cargo services helped offset the fall in passengers. In a statement on Monday, EVA Air posted a NT$614 million net loss for the second quarter, or NT$0.13 in loss per share, compared with NT$1.2 billion in net loss, or a loss per share of NT$0.25, in the first quarter. The company's earnings per share in the second quarter of 2019 was NT$0.01, CNA reports. As the virus pandemic continued to cripple the global airline industry, EVA Air's consolidated sales fell by 56 percent in the second quarter from a year earlier to NT$19.29 billion. According to market analysts, EVA Air benefited from strong demand for the delivery of high-tech devices and personal protective equipment.

Source: The Standard August 11, 2020 09:56 UTC